February 07, 2020
According to the research report titled ‘Medical Non-woven Disposables Market Size By Product (Incontinence Hygiene Products {Incontinence Pads & Ostomy Liners, Panty Shield, Disposables Underwear, Disposables Diapers}, Surgical Non-woven Products {Disposable Surgical Masks, Surgical Drapes, Surgical Caps, Surgical Gowns}, By Distribution Channel (Retail Pharmacies, Hospital Pharmacies, Online Platform), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, Japan, China, India, Australia, South Korea, Brazil, Mexico, Argentina, Saudi Arabia, UAE, South Africa), Application Potential, Competitive Market Share & Forecast, 2019 – 2025’, available with Market Study Report, the global medical non-woven disposables market is expected to cross USD 26.5 billion by the year 2025.
According to the report, growing elderly population is a major factor driving the medical non-woven disposables market growth. Baby boomers are more susceptible to inefficiency of urinary bladder or incontinency problems. Thus, rising adoption of medical non-woven disposables among geriatric population along with favorable government initiatives which encourage the use of the product are further aiding the market expansion.
The increasing number of hospitals and availability of high quality incontinency products which help reduce the risk of urinary tract infections are augmenting the demand for medical non-woven disposables. However, improper disposable of incontinence products leads to environment degradation and thus, increasing awareness pertaining to environment conservation may negatively impact the market growth.
As per product type, the report states that incontinence hygiene products segment was worth USD 6.5 billion in the year 2018 and is expected to register momentous growth during the forecast period. There has been a rise in frequency of urinary incontinency problems among baby boomers which in turn has surged the adoption of high quality incontinency products. This factor along with easy availability of high quality incontinence products will enhance the popularity of the product across the globe.
In terms of distribution channel, hospitals pharmacies segment is expected to grow with a CAGR of 6% during the period of 2019-2025. High demand from pharmacies located inside hospitals and increasing hospitalizations are stimulating the industry outlook.
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Considering the geographical landscape, the report cites that Asia-Pacific medical non-woven disposables industry is presumed to expand with a CAGR of 7% between 2019 and 2025. Growing elderly population, increasing birthrate, and favorable government regulations which promote the usage of incontinency products are contributing towards popularity of medical non-woven disposables across the region.
The prominent companies operating in the medial non-woven disposables industry are Ontex, Cypress Medical, Unicharm, First Quality Enterprises, Molnlycke Health Care, Asahi Kasei, MRK Healthcare, Kimberly Clark, Medtronic, and Domtar.